Bitcoin
Quotations
Quotations on the topic of ‘Bitcoin’ from all listed authors (click on the ‘click to view listing’ links to view each quote in full).
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“If I want to hack a million customer’s bitcoin, and they’re holding their keys, I have to hack a million customers. If they all give their keys to one person or one organization, then we’ve got a honey pot. A honey pot that attracts the attention of every hacker on the planet.”
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“Bitcoin is the first system of money that is not controlled by any entity, that is completely decentralized. And what it does is it introduces the very same things that the internet brought to communication. If money is speech, if money is a language, and you disconnect it from all other media, and you make…
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“Bitcoin introduces a platform on which you can run currency as an application on a network without any central points of control. A system completely decentralized, like the internet itself. It is not money for the internet, but the internet of money.”
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“Bitcoin isn’t money. The blockchain isn’t a system of currency. It is a platform of trust. It’s not a company. It’s not a product. It’s not a service you sign up for. It’s not a currency. Currency is just the first application. It is the concept of decentralization applied to the human communication of value.”
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“There was a time when the idea of allowing every human to be able to communicate without borders or censorship on the World Wide Web was terriying to people. To some people it still is terrifying. Most of the younger generation find it liberating in a global sense. Bitcoin does that to money.”
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“Bitcoin today, and all of the currencies that are built using that recipe, are at the same stage that the internet was in 1992. Only now we have the internet, and so the rate of exponential growth has already started. The innovation is growing at an astonishing rate. I spend every single day, full-time, trying…
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“Do not underestimate this. Do not listen to the people who tell you that Bitcoin is just for pornographers, terrorists, drug dealers, and gamblers. Remember that they said the exact same thing about the internet. But when 2 or 3 million people got online, we found out that they are not interested in those things…
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“When you do a Bitcoin transaction, it is not related or attached to identity. You do not need to create an account. You do no need to register. You do not need to provide ID, or name, or location, or address, age, gender, race, religion, nationality, nothing. You don’t even need to be human.”
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“Bitcoin has no physical form. It doesn’t exist in any way. It is entirely intangible. It cannot be touched. It is simply a digital form of money. But it is a digital form of money that is entirely different from everything we’ve seen before. What it does that is different is that it is not…
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“It’s buying something because you expect the pool of people who want to buy it—because they want to sell it to someone else—will grow, and it’s wonderful because it does create a rising price, and a rising price does create more buyers, and people think I’ve got to get in on this, and it’s better…
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“I don’t own any cryptocurrency, I never will… …I may start a Warren currency, you know, maybe I can create one and I’ll say there’s only going to be 21 million of them.”
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“Bitcoin has been used, I think, to move around a fair amount of money illegally. So… so the logical move, from the introduction of Bitcoin, is to go short suitcases.”
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“I’m interested in blockchains that are open, public, borderless, neutral, and censorship-resistant.”
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“Blockchain is Bitcoin with a haircut and a suit that you parade in front of your board.”
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“What happened with the internet wasn’t that we had some great companies that made some great platforms. What happened with the internet was that you didn’t need anybody’s permission to launch an application, and so you could launch one and then let other people use it to launch another and another and another, and it…
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“A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity. Obviously the U.S. should now enact a new federal law that…
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